Swan Global Investments, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 29, 2025), Swan Global Investments, LLC reported 68 stock positions worth $2.2 billion. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 34.1% of the portfolio, followed by iShares Core S&P 500 ETF (IVV, 20.9%) and SS Technology Select Sector (XLK, 6.3%). Compared with Q1 2025, it opened 12 new positions, sold out of 4, added to 26 and reduced 27. The biggest buy was SS SPDR S&P 500 ETF Trust-US (SPY, shares +6%) and the biggest sale SS Health Care Select Sector (XLV, shares −8%).
- Most Recent 13F
- Q2 2026
- Location
- DURANGO, CO
- CIK
- 0001591505
- Portfolio Value
- $2.2B (Q2 2025)
- SEC Filing
- 0001591505-25-000004 ↗ filed Jul 29, 2025
Holdings Value
Holdings 68 stocks · $2.2B
| SPY SS SPDR S&P 500 ETF Trust-US | 34.12% | 1,192,962 | $737.1M | Add +6.2% |
| IVV iShares Core S&P 500 ETF | 20.92% | 727,636 | $451.8M | Reduce -2.4% |
| XLK SS Technology Select Sector | 6.31% | 538,561 | $136.4M | Reduce -8.3% |
| PSMR Pacer Swan Sos Moderate Apr | 3.41% | 2,590,216 | $73.6M | Add +33.5% |
| PSMD Pacer Swan Sos Moderate Janu | 3.17% | 2,249,521 | $68.5M | Reduce -8.2% |
| HEGD Swan Hedged Equity US LG Cap | 3.01% | 2,769,742 | $65.1M | Reduce -1.6% |
| PSMJ Pacer Swan Sos Moderate July | 2.88% | 2,047,476 | $62.1M | Reduce -8.1% |
| PSMO Pacer Swan Sos Mod Oct ETF | 2.81% | 2,102,930 | $60.8M | Reduce -8.1% |
| XLF SS Financial Select Sector | 2.64% | 1,089,465 | $57.1M | Reduce -8.0% |
| PSCW Pacer Swan Sos Conserv Apr | 2.50% | 2,033,394 | $54.0M | Add +59.8% |
| XLY SS Consumer Disc Select Sect | 1.97% | 195,429 | $42.5M | Reduce -8.2% |
| XLC SS Comm Select Sector SPDR | 1.88% | 373,200 | $40.5M | Reduce -9.1% |
| XLV SS Health Care Select Sector | 1.78% | 284,977 | $38.4M | Reduce -8.2% |
| PSCQ Pacer Swan Sos Cons Oct ETF | 1.64% | 1,279,985 | $35.5M | Reduce -8.2% |
| XLI SS Industrial Select Sector | 1.64% | 239,784 | $35.4M | Reduce -8.2% |
| PSCJ Pacer Swan Sos Conservative | 1.50% | 1,141,164 | $32.4M | Reduce -8.1% |
| PSCX Pacer Swan Sos Conservative | 1.23% | 919,290 | $26.6M | Reduce -8.1% |
| PSFD Pacer Swan Sos Flex January | 1.09% | 678,347 | $23.5M | Reduce -8.1% |
| XLP SS Consumer Staples Sel Sect | 1.03% | 275,299 | $22.3M | Reduce -7.8% |
| PSFJ Pacer Swan Sos Flex July ETF | 0.79% | 551,474 | $17.1M | Reduce -8.1% |
| PSFM Pacer Swan Sos Flex April | 0.64% | 458,465 | $13.8M | Reduce -8.1% |
| XLE SS Energy Select Sector | 0.57% | 144,594 | $12.3M | Reduce -7.9% |
| PSFO Pacer Swan Sos Flex Oct ETF | 0.52% | 372,537 | $11.2M | Reduce -8.1% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 0.45% | 118,664 | $9.7M | Reduce -8.2% |
| XLRE SS Real Estate Select Sector | 0.38% | 198,513 | $8.2M | Reduce -8.2% |
| XLB SS Materials Select Sector | 0.36% | 87,498 | $7.7M | Reduce -8.2% |
| SCLZ Swan Enhanced DVD Inc. ETF | 0.06% | 23,091 | $1.2M | Reduce -0.6% |
| BOXX Alpha Architect 1-3 MNTH Box | 0.05% | 10,500 | $1.2M | Add +75.0% |
| SGOL Abrdn Physical Gold Shares | 0.05% | 33,097 | $1.0M | Add +10.0% |
| MSFT Microsoft Corp. | 0.04% | 1,688 | $840K | Add +21.4% |
| AVGO Broadcom Inc. | 0.03% | 2,736 | $754K | Add +24.5% |
| GOOGL Alphabet Inc. Class A | 0.03% | 4,082 | $719K | Add +25.0% |
| GLD SPDR Gold Shares | 0.03% | 2,310 | $704K | Reduce -39.2% |
| AAPL Apple Inc. | 0.03% | 3,270 | $671K | Add +25.3% |
| JPM JPMorgan Chase & Co. | 0.03% | 1,889 | $548K | Add +18.6% |
| LLY Eli Lilly & Co. | 0.02% | 562 | $438K | Add +26.3% |
| ORCL Oracle Corp. | 0.02% | 1,955 | $427K | Add +22.6% |
| V Visa Inc. Class A | 0.02% | 1,178 | $418K | Add +6.3% |
| VEU Vanguard Ftse All-World Ex-U | 0.02% | 5,623 | $378K | No change |
| UNH Unitedhealth Group Inc. | 0.02% | 1,147 | $358K | Add +101.9% |
| PG The Procter & Gamble Co. | 0.02% | 2,183 | $348K | Add +33.6% |
| MA Mastercard Inc. Class A | 0.02% | 596 | $335K | Add +21.9% |
| JNJ Johnson & Johnson | 0.02% | 2,142 | $327K | Add +21.3% |
| CSCO Cisco Systems Inc. | 0.01% | 4,473 | $310K | Add +19.3% |
| HD Home Depot Inc. | 0.01% | 826 | $303K | Add +24.8% |
| CAT Caterpillar Inc. | 0.01% | 770 | $299K | Add +24.0% |
| XCCC Bondbloxx-CCC-Usd HY Corp. BD | 0.01% | 7,622 | $296K | Reduce -41.0% |
| TLT iShares 20+ Year Treasury BD | 0.01% | 3,300 | $291K | Add +37.5% |
| ABT Abbott Laboratories | 0.01% | 2,119 | $288K | Add +16.2% |
| KO The Coca-Cola Co. | 0.01% | 4,029 | $285K | Add +21.2% |
| PM Philip Morris International | 0.01% | 1,554 | $283K | Add +16.5% |
| INTU Intuit Inc. | 0.01% | 354 | $279K | New |
| APH Amphenol Corp. Class A | 0.01% | 2,725 | $269K | New |
| MCD McDonald's Corp. | 0.01% | 879 | $257K | New |
| TXN Texas Instruments Inc. | 0.01% | 1,217 | $253K | New |
| VTWO Vanguard Russell 2000 ETF | 0.01% | 2,877 | $251K | Add +11.6% |
| MRK Merck & Co. Inc. | 0.01% | 3,042 | $241K | Add +19.4% |
| IEFA iShares Core MSCI Eafe ETF | 0.01% | 2,860 | $239K | No change |
| QCOM Qualcomm Inc. | 0.01% | 1,447 | $230K | New |
| DE Deere & Co. | 0.01% | 439 | $223K | New |
| IEMG iShares Core MSCI Emerging | 0.01% | 3,709 | $223K | Reduce -2.8% |
| HON Honeywell International Inc. | 0.01% | 954 | $222K | New |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.01% | 1,779 | $220K | New |
| PEP Pepsico Inc. | 0.01% | 1,545 | $204K | New |
| ACN Accenture PLC Class A | 0.01% | 681 | $204K | New |
| MDLZ Mondelez International Inc. Class A | 0.01% | 2,973 | $200K | New |
| GRANITESHARES ETF TR | 0.00% | 16,000 | $39K | New |
| ENVIROTECH VEHICLES INC | 0.00% | 50,000 | $9K | No change |
Options reported separately and not counted above: STATE STR SPDR S&P 500 ETF T puts ($1.4B), STATE STR SPDR S&P 500 ETF T calls ($45.7M), APPLE INC puts ($3.6M), CHENIERE ENERGY INC puts ($3.3M), NVIDIA CORPORATION puts ($2.0M), ISHARES TR puts ($1.5M), AMAZON COM INC puts ($1.5M), META PLATFORMS INC puts ($1.5M), SPDR GOLD TR puts ($558K), ISHARES TR puts ($258K), LIVE NATION ENTERTAINMENT IN puts ($210K).
Portfolio Sells Q1 2025 → Q2 2025
| XLV SS Health Care Select Sector | Reduce -8.2% | 1.78% | −0.52 |
| PSMD Pacer Swan Sos Moderate Janu | Reduce -8.2% | 3.17% | −0.40 |
| XLF SS Financial Select Sector | Reduce -8.0% | 2.64% | −0.35 |
| IVV iShares Core S&P 500 ETF | Reduce -2.4% | 20.92% | −0.35 |
| PSMO Pacer Swan Sos Mod Oct ETF | Reduce -8.1% | 2.81% | −0.34 |
| PSMJ Pacer Swan Sos Moderate July | Reduce -8.1% | 2.88% | −0.27 |
| XLP SS Consumer Staples Sel Sect | Reduce -7.8% | 1.03% | −0.21 |
| PSCQ Pacer Swan Sos Cons Oct ETF | Reduce -8.2% | 1.64% | −0.19 |
| XLE SS Energy Select Sector | Reduce -7.9% | 0.57% | −0.18 |
| XLY SS Consumer Disc Select Sect | Reduce -8.2% | 1.97% | −0.17 |
| PSCX Pacer Swan Sos Conservative | Reduce -8.1% | 1.23% | −0.15 |
| XLC SS Comm Select Sector SPDR | Reduce -9.1% | 1.88% | −0.13 |
| PSCJ Pacer Swan Sos Conservative | Reduce -8.1% | 1.50% | −0.13 |
| PSFD Pacer Swan Sos Flex January | Reduce -8.1% | 1.09% | −0.13 |
| HEGD Swan Hedged Equity US LG Cap | Reduce -1.6% | 3.01% | −0.11 |
| XLI SS Industrial Select Sector | Reduce -8.2% | 1.64% | −0.10 |
| PSFM Pacer Swan Sos Flex April | Reduce -8.1% | 0.64% | −0.08 |
| XLRE SS Real Estate Select Sector | Reduce -8.2% | 0.38% | −0.08 |
| PSFJ Pacer Swan Sos Flex July ETF | Reduce -8.1% | 0.79% | −0.08 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -8.2% | 0.45% | −0.07 |
| XLB SS Materials Select Sector | Reduce -8.2% | 0.36% | −0.06 |
| PSFO Pacer Swan Sos Flex Oct ETF | Reduce -8.1% | 0.52% | −0.06 |
| GLD SPDR Gold Shares | Reduce -39.2% | 0.03% | −0.02 |
| XCCC Bondbloxx-CCC-Usd HY Corp. BD | Reduce -41.0% | 0.01% | −0.01 |
| SCLZ Swan Enhanced DVD Inc. ETF | Reduce -0.6% | 0.06% | −0.01 |
| NRT North European Oil RTY Trust | Sold out | 0.00% | −0.00 |
| EU Encore Energy Corp. | Sold out | 0.00% | −0.00 |
| CBUS Cibus Inc. | Sold out | 0.00% | −0.00 |
| WTI W&T Offshore Inc. | Sold out | 0.00% | −0.00 |
| IEMG iShares Core MSCI Emerging | Reduce -2.8% | 0.01% | −0.00 |
| XLK SS Technology Select Sector | Reduce -8.3% | 6.31% | +0.16 |
Portfolio Buys Q1 2025 → Q2 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Add +6.2% | 34.12% | +2.23 |
| PSCW Pacer Swan Sos Conserv Apr | Add +59.8% | 2.50% | +0.86 |
| PSMR Pacer Swan Sos Moderate Apr | Add +33.5% | 3.41% | +0.74 |
| BOXX Alpha Architect 1-3 MNTH Box | Add +75.0% | 0.05% | +0.02 |
| AVGO Broadcom Inc. | Add +24.5% | 0.03% | +0.02 |
| INTU Intuit Inc. | New | 0.01% | +0.01 |
| APH Amphenol Corp. Class A | New | 0.01% | +0.01 |
| MSFT Microsoft Corp. | Add +21.4% | 0.04% | +0.01 |
| MCD McDonald's Corp. | New | 0.01% | +0.01 |
| TXN Texas Instruments Inc. | New | 0.01% | +0.01 |
| QCOM Qualcomm Inc. | New | 0.01% | +0.01 |
| DE Deere & Co. | New | 0.01% | +0.01 |
| HON Honeywell International Inc. | New | 0.01% | +0.01 |
| TJX TJX Companies Inc. | New | 0.01% | +0.01 |
| PEP Pepsico Inc. | New | 0.01% | +0.01 |
| ACN Accenture PLC Class A | New | 0.01% | +0.01 |
| MDLZ Mondelez International Inc. Class A | New | 0.01% | +0.01 |
| ORCL Oracle Corp. | Add +22.6% | 0.02% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +25.0% | 0.03% | +0.01 |
| JPM JPMorgan Chase & Co. | Add +18.6% | 0.03% | +0.01 |
| CAT Caterpillar Inc. | Add +24.0% | 0.01% | +0.00 |
| SGOL Abrdn Physical Gold Shares | Add +10.0% | 0.05% | +0.00 |
| CSCO Cisco Systems Inc. | Add +19.3% | 0.01% | +0.00 |
| TLT iShares 20+ Year Treasury BD | Add +37.5% | 0.01% | +0.00 |
| PM Philip Morris International | Add +16.5% | 0.01% | +0.00 |
| PG The Procter & Gamble Co. | Add +33.6% | 0.02% | +0.00 |
| MA Mastercard Inc. Class A | Add +21.9% | 0.02% | +0.00 |
| GRANITESHARES ETF TR | New | 0.00% | +0.00 |
| HD Home Depot Inc. | Add +24.8% | 0.01% | +0.00 |
| AAPL Apple Inc. | Add +25.3% | 0.03% | +0.00 |
| LLY Eli Lilly & Co. | Add +26.3% | 0.02% | +0.00 |
| UNH Unitedhealth Group Inc. | Add +101.9% | 0.02% | +0.00 |
| ABT Abbott Laboratories | Add +16.2% | 0.01% | +0.00 |
| KO The Coca-Cola Co. | Add +21.2% | 0.01% | +0.00 |
| VTWO Vanguard Russell 2000 ETF | Add +11.6% | 0.01% | +0.00 |
| JNJ Johnson & Johnson | Add +21.3% | 0.02% | +0.00 |
| V Visa Inc. Class A | Add +6.3% | 0.02% | −0.00 |
| MRK Merck & Co. Inc. | Add +19.4% | 0.01% | −0.00 |
Options Activity Q1 2025 → Q2 2025
| STATE STR SPDR S&P 500 ETF T | put | Reduce -1.1% | 2,415,700 | $1.4B |
| STATE STR SPDR S&P 500 ETF T | call | Reduce -0.1% | 1,132,300 | $45.7M |
| APPLE INC | put | Add +37.5% | 18,700 | $3.6M |
| CHENIERE ENERGY INC | put | Reduce -7.4% | 25,000 | $3.3M |
| NVIDIA CORPORATION | put | Reduce -12.5% | 18,200 | $2.0M |
| ISHARES TR | put | Add +104.0% | 10,200 | $1.5M |
| AMAZON COM INC | put | New | 8,400 | $1.5M |
| META PLATFORMS INC | put | New | 2,700 | $1.5M |
| SPDR GOLD TR | put | Reduce -46.1% | 2,100 | $558K |
| LIVE NATION ENTERTAINMENT IN | put | New | 1,500 | $210K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 87 | $2.2B | SPY, IVV, XLK, PSMO, PSMD |
| Q1 2026 | 64 | $1.9B | SPY, IVV, PSMO, PSMD, XLK |
| Q4 2025 | 66 | $2.1B | SPY, IVV, XLK, PSMO, PSMJ |
| Q3 2025 | 60 | $2.3B | SPY, IVV, XLK, PSMJ, PSMR |
| Q2 2025 | 68 | $2.2B | SPY, IVV, XLK, PSMR, PSMD |
| Q1 2025 | 60 | $2.0B | SPY, IVV, XLK, PSMD, PSMO |
| Q4 2024 | 48 | $2.1B | SPY, IVV, XLK, PSMJ, HEGD |
| Q3 2024 | 39 | $2.1B | SPY, IVV, XLK, PSMJ, XLF |
| Q2 2024 | 35 | $2.0B | SPY, IVV, XLK, XLF, PSMD |
| Q1 2024 | 34 | $2.0B | SPY, IVV, XLK, XLF, XLV |